Ripple CEO Ends Speculation on $200 Million Deal, Dogecoin Hits Historical Buy Zone, SHIB Burn Rate Soars 3,464% — Crypto News Digest

Key Points

1. Ripple CEO Brad Garlinghouse officially confirms the $200 million acquisition of Rail, aiming to strengthen Ripple's enterprise stablecoin strategy.

2. Dogecoin (DOGE) is testing a 'historical buy zone,' a critical price range that previously led to major rallies, including a 9,237% surge in 2017 and 13,337% in 2021.

3. Shiba Inu (SHIB) burn rate spikes by 3,464%, with 9,614,765 SHIB destroyed in 24 hours, following a prior week's 16,855% daily surge in burns.

4. Rail's acquisition will enhance Ripple's capabilities in stablecoin payments, including virtual accounts and third-party integrations, expected to finalize by end of 2025.

5. DOGE's current price sits just above $0.20, maintaining a rising channel support region that has held for over 10 years.